SGL Carbon SE (OTCMKTS:SGLFF) Short Interest Down 46.4% in July

SGL Carbon SE (OTCMKTS:SGLFF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 565 shares, a decrease of 46.4% from the July 15th total of 1,055 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

SGL Carbon Price Performance

SGLFF stock remained flat at $5.32 on Monday. The company had a trading volume of 350 shares, compared to its average volume of 1,498. SGL Carbon has a 1-year low of $3.00 and a 1-year high of $5.81. The business has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $4.85.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SGLFF. Jefferies Financial Group restated a “hold” rating on shares of SGL Carbon in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGL Carbon in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SGL Carbon Company Profile

SGL Carbon SE is a German high‐technology company specializing in carbon‐based solutions, including graphite and composite materials. Headquartered in Wiesbaden, Germany, the firm was established in 1992 but draws on more than 150 years of carbon materials expertise. Its operations are organized into two principal segments: Graphite Solutions, which produces graphite electrodes, carbon blocks and other graphitic products for industries such as steel, aluminum and chemicals; and Composite Solutions, which focuses on fiber‐reinforced composites, carbon fibers and specialty materials for high‐performance applications.

The company’s product portfolio serves a broad range of end markets, including automotive, aerospace, renewable energy and electronics.